GSA Daily Staff Report
Published June 21, 2010
Greenville-based Kemet Corp’s common stock has been approved for listing on the New York Stock Exchange Amex. Trading is expected to commence on Tuesday under the ticker symbol “KEM.”
In January 2009 the manufacturer of tantalum, multilayer ceramic, solid aluminum, film, paper and aluminum electrolytic capacitors, was delisted by the NYSE because its company stock was trading below $1 per share.
“We are pleased to rejoin the NYSE Euronext family of exchanges by listing our stock on the NYSE Amex under our previous and long-standing trading symbol,” said Per Loof, CEO of Kemet. “We continue to remain focused on returning increased value to our shareholders, both through excellent operating performance, and the prestige, visibility, and liquidity that this new listing represents for our current and future stockholders.”
Kemet’s over-the-counter stock was trading at $2.48 earlier this morning.
“We welcome Kemet Corporation to the NYSE Amex,” said Scott Cutler, head of listings for the Americas for the parent company NYSE Euronext Inc. “Kemet and its shareholders will benefit from the superior market quality, technology and services provided by listing on the NYSE Amex, and we look forward to a strong and lasting partnership.”


